SSAS payments held up by 100-year-old calculation

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Pension payments for members of small self-administered schemes could be delayed because a 100-year-old method of calculating share values is used.

Administrators say HM Rev-enue and Customs has de-manded SSASs fall into line with the tax regime for probate and use the “quarter-up” system to work out the value of assets listed on the stock exc...

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